Economic Growth and Performance - In 2025, China's GDP reached 140 trillion RMB, marking a 5.0% increase from the previous year, demonstrating resilience amid complex domestic and international economic conditions [1] - China's economic growth rate is expected to contribute approximately 30% to global economic growth, maintaining its position as a major contributor and stabilizer in the world economy [2][3] - The ability of China to maintain stable economic performance amidst geopolitical tensions and uncertainties highlights its robust macroeconomic management and competitive industrial base [2][3] Innovation and High-Quality Development - The proportion of high-tech manufacturing value added to total industrial value added rose to 17.1%, with digital product manufacturing increasing by 9.3% [4] - China has become a global leader in renewable energy, with installed capacity for wind and solar power surpassing that of thermal power for the first time in 2025 [5] - The rapid development in high-tech manufacturing, digital economy, and green economy reflects China's commitment to high-quality development and innovation [5][6] Global Economic Impact and Opportunities - International organizations have raised their growth forecasts for China, indicating confidence in its long-term economic stability and potential to create new opportunities for global economic recovery [7] - China's economic structure and demand for high-quality products and services are expected to enhance regional cooperation and provide opportunities for developing countries [8] - The ongoing development of projects under the "Belt and Road" initiative is anticipated to further contribute to global economic recovery and sustainable development [8]

Core Viewpoint - The National Bureau of Statistics summarized the economic performance of 2025 with the terms "stable, progressive, new, and resilient," reflecting the strong foundation, multiple advantages, resilience, and potential of the Chinese economy [1]. Group 1: Economic Stability - The average urban survey unemployment rate is 5.2%, indicating overall stable employment [3]. - The total goods trade reached a new high, with foreign exchange reserves exceeding 3.3 trillion yuan, showcasing the resilience of the economy amidst various risks and challenges [3]. Group 2: Economic Growth Contributions - The added value of high-tech manufacturing industries accounted for 17.1% of the total industrial added value, with final consumption expenditure contributing over 50% to economic growth [4]. - The actual growth of per capita disposable income for residents was 5.0%, aligning with economic growth [4]. Group 3: Innovation and R&D - R&D expenditure intensity reached 2.8%, surpassing the OECD average for the first time [5]. - China entered the global top ten in the innovation index, with significant achievements in cutting-edge fields such as artificial intelligence, quantum technology, and brain-machine interfaces [5]. Group 4: Green Economy Development - The green economy, including green electricity and energy, is thriving, with new energy vehicle sales accounting for over 50% of domestic new car sales [6].

Group 1 - China's economy has surpassed 140 trillion yuan, with a GDP growth of 5.0% year-on-year, contributing approximately 30% to global economic growth [1] - The economy has successfully crossed significant thresholds during the 14th Five-Year Plan, demonstrating resilience and adaptability in a complex international environment [1] - China's economic growth is seen as a positive signal for the struggling global economy, providing certainty and new opportunities [1] Group 2 - The World Economic Forum 2026 emphasizes the need for innovative solutions to global challenges, with China providing new ideas and examples for cooperation and growth [2] - In 2025, China's R&D expenditure intensity reached 2.8%, surpassing the OECD average, with significant advancements in digital manufacturing and emerging technologies [2] - The share of new energy vehicles in domestic sales exceeded 50%, indicating a shift towards sustainable production capabilities [2] Group 3 - China is committed to further opening its economy, with the Hainan Free Trade Port achieving a 3.8% increase in total import and export volume, providing vast market opportunities [3] - In 2025, the per capita disposable income of Chinese residents grew by 5.0%, aligning with economic growth and reflecting improvements in living standards [3] - China's focus on high-quality development and high-level openness aims to inject more certainty and new momentum into the global economy [3]

Group 1 - China's economy has surpassed 140 trillion yuan for the first time, with a GDP growth of 5.0% year-on-year, contributing approximately 30% to global economic growth [1] - During the "14th Five-Year Plan" period, China's economy has consistently achieved significant milestones, crossing the thresholds of 110 trillion, 120 trillion, 130 trillion, and 140 trillion yuan, demonstrating resilience and adaptability in a complex international environment [1] - The stability and growth of China's economy are seen as a major positive for the struggling global economy, as noted by international media [1] Group 2 - The World Economic Forum 2026 annual meeting emphasizes the importance of cooperation in a competitive world and seeks innovative solutions to global challenges, highlighting China's role in providing new ideas and examples for common challenges faced by countries [2] - In 2025, China's R&D expenditure intensity reached 2.8%, surpassing the OECD average, with significant growth in digital manufacturing and advancements in AI, quantum technology, and other cutting-edge fields [2] - The share of new energy vehicles in domestic new car sales exceeded 50%, indicating a robust development of new productive forces that support China's economic transition [2] Group 3 - China is advancing its openness with the Hainan Free Trade Port achieving full island closure operations, and the total import and export volume increased by 3.8%, with imports reaching a record high of 18.5 trillion yuan [3] - Despite rising unilateralism and protectionism, China remains committed to maintaining stable global supply chains and promoting deeper economic globalization [3] - In 2025, the actual disposable income per capita in China grew by 5.0%, aligning with economic growth, while significant progress was made in social welfare sectors such as elderly care, childcare, and healthcare [3]

Economic Resilience and Growth - In 2025, China's economy is expected to continue its strong resilience and vitality, achieving major goals set for social and economic development during the "14th Five-Year Plan" [1] - The national economy is projected to maintain a steady growth trajectory, with a focus on innovation-driven development, industrial quality improvement, digital empowerment, and green transformation [2] Innovation and Industrial Upgrading - China has become the first country to possess over 5 million valid domestic invention patents, with R&D expenditure reaching 39,262 billion yuan, ranking second globally [2] - The added value of high-tech manufacturing and equipment manufacturing accounted for 17.1% and 36.8% of the total industrial added value, respectively [2] - The production of civil drones and industrial robots increased by 37.3% and 28% year-on-year [2] Green Energy Development - Clean energy generation from hydropower, nuclear power, wind, and solar sources grew by 8.8%, with non-fossil energy consumption rising by approximately 2 percentage points compared to 2024 [3] - The annual production and sales of new energy vehicles exceeded 16 million units [3] - Industrial added value reached 41.7 trillion yuan, growing by 5.8% year-on-year, contributing 35% to economic growth [3] Consumer Market Expansion - The total retail sales of consumer goods surpassed 50 trillion yuan, marking a 3.7% increase from 2024, with final consumption contributing 52% to economic growth [4] - Service retail sales grew by 5.5%, outpacing goods retail sales, indicating a shift towards balanced consumption between goods and services [4] - Online retail sales increased by 8.6%, driven by e-commerce and digital technologies [4] Policy Implementation and Economic Stability - Macro policies are being actively implemented to support high-quality economic development, including measures to stabilize employment and promote investment [7] - The policy of replacing old products with new ones has led to a 4.1% increase in retail sales of related goods, contributing to overall retail growth [7] - By the end of 2025, the number of cars per hundred households is expected to reach 52.9, an increase of 1.7 from 2024 [7] Technological and Industrial Integration - The added value of smart unmanned aerial vehicle manufacturing and smart vehicle equipment manufacturing grew by 57% and 26.2%, respectively [8] - The development of artificial intelligence and quantum technology is fostering new business opportunities and enhancing economic productivity [8] Positive Economic Outlook - Major international organizations have raised their growth forecasts for China's economy, reflecting a positive outlook for future development [10] - The focus on innovation, reform, and domestic circulation is expected to drive qualitative improvements and reasonable growth in the economy [10]

Core Insights - China's economy demonstrates strong resilience and vitality, with significant progress expected in innovation, industrial quality improvement, digital empowerment, and green transformation by 2025 [1][2] Supply Quality Improvement - China becomes the first country with over 5 million valid domestic invention patents, with R&D expenditure reaching 39,262 billion yuan, maintaining the second position globally [2] - The added value of high-tech manufacturing and equipment manufacturing accounts for 17.1% and 36.8% of the total industrial added value, respectively [2] - The production of civil drones and industrial robots increases by 37.3% and 28% year-on-year [2] Green Leadership - Clean energy generation from hydropower, nuclear, wind, and solar grows by 8.8%, with non-fossil energy consumption rising by approximately 2 percentage points compared to 2024 [3] - The industrial added value reaches 41.7 trillion yuan, growing by 5.8% year-on-year, contributing 35% to economic growth [3] Consumption Trends - The total retail sales of consumer goods exceed 50 trillion yuan, growing by 3.7% compared to 2024, with final consumption contributing 52% to economic growth [4] - Service retail sales increase by 5.5%, outpacing goods retail sales, with service consumption accounting for 46.1% of per capita consumption expenditure [4] - Online retail sales grow by 8.6%, driven by e-commerce and digital technologies [4] Policy Effectiveness - The number of household cars reaches 52.9 per hundred households, an increase of 1.7 from 2024 [6][7] - Policies promoting consumption upgrades lead to a 4.1% increase in retail sales of six categories of goods [7] Technological and Industrial Innovation - The added value of smart unmanned aerial vehicle manufacturing and smart vehicle-mounted equipment manufacturing grows by 57% and 26.2%, respectively [8] - The core CPI rises by 1.2% year-on-year, while the decline in industrial producer prices narrows [8] Positive Economic Trends - The economic foundation remains solid, with over 36 trillion yuan added to the economy during the 14th Five-Year Plan [9] - The manufacturing purchasing managers' index returns to expansion territory, indicating positive growth trends [9] - New production forces and reform benefits continue to emerge, with significant advancements in artificial intelligence and digital economy [9] Supportive Development Environment - More proactive macro policies are expected to ensure stable economic operations, with a focus on key project implementations [10]

Core Insights - China's economy has surpassed 140 trillion yuan, with a GDP growth of 5.0% year-on-year, contributing approximately 30% to global economic growth [1][2] - The achievement of crossing the 140 trillion yuan mark reflects China's resilience and ability to adapt to complex international conditions, providing certainty and new opportunities for the global economy [1][3] Economic Performance - In the "14th Five-Year Plan" period, China's economy has consistently crossed significant thresholds: 110 trillion, 120 trillion, 130 trillion, and now 140 trillion yuan, showcasing its robust growth [1] - The manufacturing value added in the digital product sector increased by 9.3% year-on-year, indicating strong growth in advanced technology sectors [2] Innovation and Development - By 2025, China's R&D expenditure intensity is expected to reach 2.8%, surpassing the OECD average for the first time, highlighting a commitment to innovation [2] - Significant advancements in cutting-edge fields such as artificial intelligence, quantum technology, and brain-computer interfaces are emerging, contributing to new productive forces [2] Trade and Openness - The Hainan Free Trade Port has commenced full island closure operations, with total import and export volume increasing by 3.8%, demonstrating China's commitment to maintaining open trade despite global protectionism [3] - China's per capita disposable income grew by 5.0%, aligning with economic growth, and improvements in social welfare sectors such as elderly care and healthcare are evident [3] Future Outlook - The upcoming "15th Five-Year Plan" outlines ambitious goals for China's economic and social development, presenting a "list of opportunities" for global collaboration [3] - China's focus on high-quality development and high-level openness is expected to inject more certainty and new momentum into the global economy, fostering shared growth [3]

Core Viewpoint - In 2025, China's GDP reached 140.19 trillion yuan, marking a 5.0% increase from the previous year, reflecting a stable and progressive economic environment despite various challenges [1][2]. Economic Stability - The GDP growth of 5.0% in 2025 is significant for a large economy like China, which also maintained an average urban unemployment rate of 5.2% and achieved record high trade volumes with foreign exchange reserves exceeding 3.3 trillion USD [2]. - The total retail sales of consumer goods surpassed 50 trillion yuan, growing by 3.7%, indicating a strong consumer market supported by various policy measures [2]. - Industrial production contributed significantly to economic stability, with the industrial added value reaching 41.7 trillion yuan, a 5.8% increase, contributing 35% to economic growth [2]. Economic Progress - Despite complex internal and external environments, China accelerated the transformation of old and new growth drivers, with high-tech manufacturing's added value rising to 17.1% of total industrial output [4]. - The contribution of final consumption expenditure to economic growth exceeded 50%, showcasing a shift towards a consumption-driven economy [4]. - The total import and export volume grew by 3.8%, reflecting a robust trade environment [4]. Innovation and New Growth Drivers - In 2025, R&D expenditure intensity reached 2.8%, surpassing the OECD average for the first time, with total R&D spending at 39.26 billion yuan [6]. - China became the first country with over 5 million valid invention patents, and its PCT international patent applications ranked first globally for six consecutive years [6]. - The manufacturing sector saw significant growth in digital products, with a 9.3% increase in output, and the information technology services sector grew by 11.1% [7]. Resilience - Despite global economic challenges, China's economy demonstrated resilience, achieving a growth rate of 5.0% and contributing approximately 30% to global economic growth [8]. - The diversification of foreign trade has accelerated, with China becoming a major trading partner for over 150 countries, focusing on high-tech and high-value-added exports [8]. - The foundation laid during the 14th Five-Year Plan is expected to support continued high-quality development into the 15th Five-Year Plan [9].

Economic Overview - In 2025, China's GDP reached 140,187.9 billion yuan, growing by 5.0% year-on-year, marking a significant milestone for the economy [1] - The urban unemployment rate averaged 5.2%, indicating overall employment stability [1] - China's foreign exchange reserves exceeded 3.3 trillion USD, reflecting strong trade performance [1] Consumer Market - The total retail sales of consumer goods surpassed 50 trillion yuan, with a growth of 3.7% compared to the previous year, positioning China among the top global retail markets [2] - Consumer market stability was supported by various policies aimed at boosting consumption, leading to an enhanced supply system and optimized consumption structure [2] Industrial Production - The industrial added value reached 41.7 trillion yuan, growing by 5.8%, contributing 35% to economic growth, an increase of 1.8 percentage points from the previous year [2] - The industrial sector is undergoing structural adjustments amid complex external environments, necessitating a focus on new development paradigms [2] Economic Structure and Innovation - The proportion of high-tech manufacturing value added reached 17.1% of total industrial value added, with final consumption contributing over 50% to economic growth [3] - R&D expenditure intensity reached 2.8%, surpassing the OECD average for the first time, indicating a strong focus on innovation [3][4] Technological Advancements - Total R&D expenditure reached 39,262 billion yuan, maintaining China's position as the second-largest globally [4] - China became the first country with over 5 million valid domestic invention patents, and it led the world in PCT international patent applications for six consecutive years [4] Digital Economy - The added value of the digital product manufacturing industry grew by 9.3%, while the information transmission, software, and IT services sector increased by 11.1% [5] - Online retail sales rose by 8.6%, driven by the expansion of new consumption models and scenarios [5] Green Energy - Clean energy generation from hydropower, nuclear power, wind, and solar sources increased by 8.8% [5] - The production and sales of new energy vehicles exceeded 16 million units, showcasing the growing competitiveness of the new energy sector [5] Economic Resilience - Despite global economic challenges, China's economy demonstrated resilience, achieving significant growth and stability [6] - China's contribution to global economic growth is projected to be around 30%, with a diversified foreign trade structure emerging [6]

新华社图 张大伟 制图 ◎记者 陈芳 国家统计局1月19日发布数据显示：2025年我国国内生产总值（GDP）首次突破140万亿元，以5%的增 速实现了年初设定的预期目标。消费和工业两大"压舱石"加快增长，消费市场规模突破50万亿元，制造 业增加值达到34.7万亿元，制造业有望继续保持全球第一。 "2025年我国经济顶压前行、向新向优发展，主要的预期目标圆满实现，展现了强大韧性和活力，为今 年经济发展奠定了良好的基础。"国家统计局局长康义19日在国新办新闻发布会上表示。 康义表示，看中国经济，要全面、辩证、长远地看。透过量与质、内与外、形与势的经济"三棱镜"，可 以发现，中国经济不仅实现了规模跃升，还实现了结构向优、动能向新；不仅内需释放出了活力和动 能，外需也彰显了韧性；不仅稳定增长之"形"延续，而且2026年有望继续呈现向好之"势"。 量质齐升：经济顶压前行、向优向新 高质量发展"新"的动能加快培育：2025年，规模以上数字产品制造业增加值比上年增长9.3%，服务器、 工业机器人产量高速增长；研发经费投入强度达2.8%，首次超过OECD国家平均水平，创新指数排名首 面对国内外经济环境的复杂变化，2025年经 ...